2012 Pennsylvania Consolidated Statutes
Title 13 - COMMERCIAL CODE
Chapter 95 - Filing
Section 9514 - Assignment of powers of secured party of record

     § 9514.  Assignment of powers of secured party of record.
        (a)  Assignment reflected on initial financing statement.--
     Except as otherwise provided in subsection (c), an initial
     financing statement may reflect an assignment of all of the
     secured party's power to authorize an amendment to the financing
     statement by providing the name and mailing address of the
     assignee as the name and address of the secured party.
        (b)  Assignment of filed financing statement.--Except as
     otherwise provided in subsection (c), a secured party of record
     may assign of record all or part of its power to authorize an
     amendment to a financing statement by filing in the filing
     office an amendment of the financing statement which:
            (1)  identifies by its file number the initial financing
        statement to which it relates;
            (2)  provides the name of the assignor; and
            (3)  provides the name and mailing address of the
        assignee.
        (c)  Assignment of record of mortgage.--An assignment of
     record of a security interest in a fixture covered by a record
     of a mortgage which is effective as a financing statement filed
     as a fixture filing under section 9502(c) (relating to record of
     mortgage as financing statement) may be made only by an
     assignment of record of the mortgage in the manner provided by
     law of this Commonwealth other than this title.

        Cross References.  Section 9514 is referred to in sections
     9511, 9516, 9519 of this title.